Practice Management

American manufacturer Ingersoll-Rand Co. forged the tools that carved the Panama Canal and shaped Mount Rushmore. When it shifted its legal address to Bermuda in 2001 to reduce taxes, the maneuver sparked bipartisan outrage in Congress.

The Association for Accounting Marketing has announced its board of directors and president for the term beginning July 1.

Better management of correspondence audits by the Internal Revenue Service could improve tax compliance and reduce the burden on taxpayers, according to a new government report.

The New York State Department of Taxation and Finance said it has helped 42,415 taxpayers who called its Taxpayer Information Center with language assistance in 79 different languages.

Recent highlights from some of favorite tax bloggers.

The Internal Revenue Service plans to put in place new procedures starting next January to limit the number of refunds electronically deposited into a single financial account or pre-paid debit card to three, as part of an effort to combat fraud and identity theft, including fraud committed by unscrupulous tax preparers.

One time I had three clients who were on the board of directors of the same NYSE-listed company. Two of them questioned every bill and every hour spent, and their fees were fairly low for people of that caliber. The third person did not seem to care what he paid, and his fees were quite high.

The Internal Revenue Service’s Taxpayer Advocate Service could improve its processing of so-called “systemic burden” cases that involve instances in which an IRS process, system or procedure has not operated as intended, according to a new report.

Check out the digital edition of the July 2014 issue of Accounting Today.

The Internal Revenue Service is suffering from several new deficiencies in its internal controls, although it has managed to address a number of older problems, according to a new report from the Government Accountability Office.